Rajiv Ranjan replaces Mridul Saggar as MPC ex-officio member

The Board of Reserve Bank of India (RBI) on Monday approved the nomination of Executive Director Rajiv Ranjan as an ex-officio member of the monetary policy committee (MPC). Ranjan will replace Mridul Saggar, who is reportedly to retire by end of April. As per his LinkedIn profile, Ranjan was recently the head of the Department of Economic and Policy Research.